Rupee opens 21 paise down at 65.37 a dollar

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The rupee on Monday opened 21 paise down at 65.37 against buck due to buying of Yankee Forex by using corporate and importers.

The local curency on Friday settled 22 paise down at 65.16 in opposition to the us  dollar.


International portfolio traders stood net marketers in domestic equity cash on Friday and offered shares worth Rs 667.24 crore  with gross purchases and product sales of Rs 5,722.60 crore and Rs 6,389.84 crore, respectively.

Angel Broking mentioned, “USD-INR spot is anticipated to depreciate in the coming week as buyers are pessimistic about america’s fiscal reforms which shall refrain them from making any unsafe bets.”


Government bonds tumbled ultimate week, with the benchmark yield posting its greatest weekly gain in nearly seven months, as rising crude oil costs stoked inflation issues. The GoI benchmark 6.79% 2027 bond yield rose to 6.96 per cent on Friday from 6.93 per cent in the previous session.

In the meantime, domestic equity markets opened on a cautious notice following combined international cues. The BSE Sensex used to be down 25.52 points, or 0.08 per cent, at 33289 at 9.30 am (IST), while NSE Nifty index used to be down 24.85 points, or 0.24 per cent, at 10,296 at around the same time.

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